Sign in | Join free

Chinese jan exports dip for first time in two years

Chinese jan exports dip for first time in two years Source: www.fibre2fashion.com
Date: 15-02-2012
Visits: 227
Very Poor

Overall exports from China fell 0.5 percent in January 2012 to US $149.94 billion, a data released by the General Administration of Customs reveals.

This is the first time since December 2009 that exports have registered a negative growth rate.
Experts said that China's export data in January was in line with expectations.

Customs data showed that China's total import and export value in foreign trade reached $272.6 billion, down 7.8 percent year on year, of which imports were $122.66 billion, down 15.3 percent year on year.

In January, export growth continued its declining trend for single-month export’s since August last year.

2012 is an election year for the United States, France and other countries. Trade disputes and frictions are likely to rise.

Geopolitical changes may also cause fluctuations in prices of oil, iron ore and other bulk commodities. In addition, exchange rate issue will become more prominent.

2012 global market demand is likely to shrink significantly, looking at the background of uncertainties in international market caused by European debt crisis.

Therefore, China's imports and exports will face pressures from many sides, say experts.

 

like 261 Unlike 29
Users Comments
No comments to display
Are you sure you want to delete this comment.
Add your comment
User Name:
Email: Will not be published
Rate This article:
Comment:
Maximum 3500 characters
Your name
Your email address
Your friend email address
  • /images/ourservices/125-600/pricetrend.jpg
  • /images/ourservices/125-600/product.jpg
  • /images/ourservices/125-600/videos.jpg
Suntex Asia Limited
32341 Users
have already joined suntexasia.com. Shouldn't you?
Full registration will provide you access to all our free services. It takes only one minute and it is free Go here
Quick registration (it's free)
Accesss to some of our free services
Select membership
Full Name
User Name
Email
Password
Enter the code
gktmu
(Note: If you can't read the letters, reload the page to generate a new one.)
terms and conditions
 
Members Login
Already registered
Email
Password
Forgot your password
golden fees
Enter your e-mail address
Choose your room